I would just hear the area up with a torch and try to pull it out with vise grips. Heating on that end shouldn't have any impact on the rest of the crankshaft. If you concentrate the head on the outer hub rather than the shaft, it will likely be a little better.
Last edited by sportbike; 12-02-2012 at 01:22 PM.
Everlast 200DX
Everlast PT185
Shoptask 3-in-1 (not currently in my garage, but I own it...)
Any day on a motorcycle like this that ends just needing parts and labor is a good day.
4.82, 158.67mph 1/8th mile 7.350, 200.35mph 1/4 mile